In June-July 2025, during heightened tensions between Trump and Musk over fiscal policy, the Trump administration initiated a review of SpaceX's government contracts after Trump called for terminating Musk's federal contracts and accused him of being the 'most heavily subsidized businessman in history.' SpaceX President Gwynne Shotwell held quiet meetings with White House officials to reaffirm SpaceX's role in U.S. strategic infrastructure. White House and Pentagon officials ultimately concluded SpaceX's deals were vital to core missions of DoD and NASA. Shotwell negotiates many of SpaceX's lucrative contracts with the U.S. military and owns a 0.3% stake ($1.2B net worth) in the company.
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Gwynne Shotwell
President & COO SpaceX
President and Chief Operating Officer of SpaceX. Manages $22B in government contracts and day-to-day operations. Member of FAA Management Advisory Council and National Space Council Users' Advisory Group. Net worth $1.2B with 0.3% stake in SpaceX.
Career History
Track Record
Sources: Kashmir Reader(opens in new tab)